Tata Power

ARTICLES ABOUT TATA POWER BY DATE - PAGE 4

NEW DELHI: Tata Power today posted a consolidated net profit of Rs 159.14 crore for the January-March quarter of 2014-15 against a loss of Rs 145.33 crore in the same quarter of previous fiscal. Total income of the company decreased to Rs 8,227.14 crore for the quarter ended March 31, 2015, from Rs 8954.87 crore for the quarter ended March 31, 2014, Tata Power Company said in a BSE filing. It posted a net profit after taxes, minority interest and share of profit of associates of Rs 167.83 crore for the year ended March 31, 2015, against a loss of Rs 259.97 crore for the year ended March 31, 2014.

NEW DELHI: The benchmark BSE Sensex rose for the second straight day today by surging 363 points to close at over three-week high of 27,687.30 mainly led by gains in consumer durables, oil & gas and healthcare stocks. The volatility index (VIX) ended the day @ 17.90. The index slumped over 15% in intraday trade to hit a low of 16.77. On May 13, India VIX rose as high as 21.4, its highest since February 25 with no major event in sight. Last time VIX came closer to 21 was ahead of last Budget.

MUMBAI: Tata Power Company implemented "island system" for power supplied to its consumers at Haldia in West Bengal , which will ensure continuous supply of electricity the town even during grid failure, the Tata Group power utility said Monday. The islanding system is increasingly being used by cities to ensure reliable power supply. In case of breakdowns in the grid, the islanding system automatically isolates itself from the rest of the grid and ensures that generating units continue to function.

In a chat with ET Now, Mitesh Thacker of miteshthacker.com shares his view on Tata Power. ET Now: What is your view on Tata Power? Mitesh Thacker: Tata Power Ltd is a 'SELL' call with a target of Rs 72 and a stop loss of Rs 78.

NEW DELHI: The army is set to get an artillery boost with a proposal being moved to raise six new regiments of the indigenous Pinaka Multi-Launcher Rocket System (MLRS), a formidable system designed to annihilate enemy targets with a blanket of precisely guided rockets. Tata Power and Larsen & Toubro (L&T) will get a major share of the Rs 1,950-crore contract that is to be approved by the defence ministry as they are the primary manufacturers of the mobile artillery system , along with state-run Bharat Earth Movers ( BEML )

MUMBAI: Tata Power today said it has commissioned a 24 MW wind farm in Gujarat. "Tata Power successfully commissioned a 24 MW wind farm at Rojmal in Gujarat through its subsidiary, Tata Power Renewable Energy (TPREL)," the company said in a statement here. The total capacity of the project is 54 MW and with the commissioning of addtional 24 MW capacity, Tata Power now has a portfolio of 511 MW wind energy. This 24 MW wind capacity is expected to generate around 52 million units per year.

NEW DELHI: Tata Power on April 29 commissioned a 24 MW wind farm at Rojmal in Gujarat through its arm Tata Power Renewable Energy Limited, taking the company's total installed capacity to 8,750 MW, the Mumbai-based firm said in a press release. With this commissioning, Tata Power has achieved 511 MW of wind energy and 1,383 MW of renewable energy capacity. The 24 MW wind capacity at Rojmal is expected to generate nearly 52 million units per year. The total capacity of the project is 54 MW. Tata Power, which is India's largest integrated power company, has wind farms in Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka.

MUMBAI: Rating agency Standard & Poor's (S&P) has revised downwards its outlook on Tata Power Company (TPC) to 'stable' from 'positive', citing slow progress on tariff revisions for Mundra project and delay in receiving the proceeds from the stake sale in its Indonesian coal mine. The international rating outfit, however, has reaffirmed the 'B+' rating on the private utility. Downgrading the company, the agency said Tata Power's cash flows and liquidity improvement are likely to delayed.

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his view on Tata Power. ET Now: What is your view on Tata Power? Mitesh Thacker: Sell Tata Power with a target of Rs 73 and a stop loss of Rs 79.40.